Z Earnings Prediction
The chart below shows how Z performed 10 days before and after its earnings report, based on data from the past quarters. Typically, Z sees a +7.30% change in stock price 10 days leading up to the earnings, and a +13.77% change 10 days following the report. On the earnings day itself, the stock moves by -2.00%. This data can give you a slight idea of what to expect for the next quarter's release.
Z Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
581.00M
17.14%
1.57%
Gross Margin
75.90%
-2.47%
-1.77%
Operating Margin
-7.57%
-26.36%
14.01%
Net Margin
-3.44%
-39.12%
15.82%
EPS
-0.09
-25.00%
28.57%
No Data Available
Z Earnings Analysis
Zillow Group, Inc. Class C Capital Stock Corporation (Z.O) Earnings Conference Call
Positive
Revenue Exceeds Outlook: Revenue increased by 17% year-over-year to $581 million in Q3 2024, exceeding revenue outlook.
Residential Revenue Increase: Residential revenue grew 12% year-over-year to $405 million, outperforming the broader residential real estate industry.
Rental Revenue Increase: Rental revenue reached $123 million in Q3, up 24% year-over-year, driven by growth in the multifamily property count.
Mortgage Revenue Surge: Mortgage revenue accelerated to $39 million, reflecting a 63% year-over-year growth, with purchase loan origination volume up 80%.
Cash and Investments Decline: The company ended Q3 with $2.2 billion in cash and investments, down from $2.6 billion primarily due to the maturity and settlement of convertible debt.
Negative
Net Loss Analysis: Q3 net loss was $20 million, representing 3% of total revenue.
EBITDA Margin Pressure: Q3 EBITDA was $127 million, resulting in a 22% EBITDA margin, indicating pressure on profitability.
Cash and Investments Decline: Total cash and investments decreased from $2.6 billion at the end of Q2 to $2.2 billion at the end of Q3, primarily due to cash payments of $610 million.
Residential Revenue Growth: Q3 residential revenue grew 12% year over year to $405 million, underperforming the overall housing market growth of 2%.
Loan Origination Volume Growth: Q3 purchase loan origination volume growth accelerated to 63% year over year, but this was down from 42% growth in Q2.
Z FAQs
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Z Earning Call Sentiment
Zillow Group, Inc. (Z) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
Z.O
1.58%Positive
The earnings call presents a generally positive outlook for Zillow. Financial performance is strong with a 17% revenue increase, significant growth in residential and rental revenues, and a solid EBITDA margin. The share repurchase program signals confidence in the company's valuation. However, there are concerns about debt management and market penetration risks. The Q&A section reveals positive sentiment towards growth in market share and product offerings, though there is some uncertainty in management's responses. Overall, the positive financial metrics and shareholder returns outweigh the risks, suggesting a 2% to 8% stock price increase.